- Business
- Precision Wires India Limited manufactures and sells insulated enamelled winding wires and other insulated electric conductors in India and internationally; its core products include enamelled round copper winding wires for motors, generators, and consumer appliances, enamelled rectangular copper winding wires for industrial transformers and large machinery, continuously transposed conductors for power transmission efficiency, paper/mica/nomex insulated copper conductors for high-voltage applications, and submersible winding wires for pumps; the company serves industries such as power generation and distribution, automotive including electric vehicles, consumer electronics, industrial machinery, and renewable energy. Founded in 1989 and headquartered in Mumbai, India, with primary manufacturing facilities in Silvassa, Dadra and Nagar Haveli, it operates an installed capacity of approximately 49,000 metric tons per year, positioning it as South Asia's largest producer of copper winding wires. Recent developments include approval of a INR 188 crore copper recycling and refining project at Zaroli, Gujarat, for captive production of copper cathodes and rods to reduce costs and enhance margins, expected to commission in FY27; a INR 37 crore expansion and modernization at Silvassa to add 4,400 metric tons per annum capacity by Q4 FY27, elevating total capacity to 65,400 metric tons; additional INR 33 crore investments for copper rod capacity expansion at Zaroli and Valvada; approvals from leading electric vehicle/hybrid manufacturers and global air conditioning compressor makers; and a preferential issue raising INR 313 million in FY26 to support growth initiatives.